Market snapshot
Nifty 5022,936.75+1.05%
Sensex74,151.04+1.24%
Bank Nifty54,909.65+1.18%
Previous close · 29 Oct 2026 · Nifty is trading at the 17th percentile of its range over the last 252 sessions.
Yesterday, the Indian markets rallied significantly, driven by positive sentiment on macroeconomic projections and strong corporate earnings. The Finance Ministry's projection of a robust 7.35% GDP growth for Q2 and easing concerns about US-Iran geopolitical tensions provided a boost. This optimism was further supported by a range of corporate actions and acquisitions, including Railtel's new order and Laurus Labs' stake acquisition, which reinforced confidence across sectors.
The big story
Finmin pegs Q2 expansion at 7.35%,flags capital pressure over US yield
India's Q2 GDP growth estimated at 7.35% with strong industrial output.
News
Jefferies has suggested that the Indian government consider policy options such as an across-the-board capital gains tax cut or a specific LTCG tax rate cut for FPIs to rationalize equity taxation.
The Election Commission has extended the timelines for the Special Intensive Revision of electoral rolls in Maharashtra, Delhi, Andhra Pradesh, Haryana, Telangana, and Nagaland following requests from the chief electoral officers.
Prime Minister Narendra Modi is scheduled to visit Brussels in December to sign the India-European Union free trade agreement, which aims to enhance economic ties between the two regions.
Binance is investigating a suspected major hack after freezing over $2.5 billion in digital assets, with Tether and Circle also freezing assets linked to the incident.
Wiscon Industries' IPO was successfully subscribed, with the company expected to finalize share allotment by October 30 and list on the BSE SME platform on November 3.
Stocks Updates
Railtel: received a ₹22.8 crore order from the Department of Posts for dedicated GPU compute & storage service on OPEX basis for 5 years, with execution by November 2031.
TVS Motor Company: 530.08 Cr (“Proposed Transaction”), and execution of a Sale and Purchase Agreement (“Agreement”) along with other ancillary documents as may be required in connection with the proposed transaction.
Laurus Labs: entered into a definitive agreement to acquire a 52% stake in SI &C Resins, a peptide-resin technology-focused company.
Hero MotoCorp: approved an additional investment of up to ₹300 crore in HMCL Netherlands B.V., a wholly-owned subsidiary.
Fortis Healthcare: acquired 110-bedded Suguna Hospital in Rajajinagar, Bengaluru.
Info Edge: approved the divestment of its entire holdings in Medcords Healthcare Solutions and Unnati Online through its subsidiary.
FII / DII activity
FIISold ₹943.6 Cr
DIIBought ₹1,924.41 Cr
FIIs sold ₹943.6 Cr, DIIs bought ₹1,924.41 Cr. Flows were routine in size.
Market breadth
Nifty 500
Advances329
Declines169
A/D ratio1.95
Broad participation across Nifty 500
Sector performance
12 NSE sector indices, previous close
Realty+2.75%
FMCG+2.34%
PSU Bank+2.20%
Bank+1.18%
Infra+1.18%
Fin Services+1.17%
Media+1.10%
Energy+1.01%
IT+0.99%
Metal+0.67%
Pharma+0.64%
Auto-0.24%
Leaders: Realty, FMCG · Laggards: Auto, Pharma
Top gainers and losers
Gainers
SYRMA₹1,669.00+6.78%
ADANIPORTS₹1,872.00+6.29%
JSWENERGY₹510.00+5.59%
CUB₹226.90+5.53%
ADANIENSOL₹1,365.00+5.49%
Losers
HEROMOTOCO₹5,105.00-4.09%
NAVINFLUOR₹8,260.50-2.83%
GMRAIRPORT₹87.27-2.72%
CUMMINSIND₹4,515.20-2.27%
CROMPTON₹200.00-1.96%
Commodities & forex
🪙 Gold (10g)₹1,42,351.00-0.17%
🥈 Silver (1kg)₹1,88,943.00-0.27%
USD/INR95.21+0.03%
Global cues
S&P 5007,720.39-0.30%
Nasdaq26,184.72-1.38%
S&P 500 futures7,754.25-0.37%
Nasdaq futures29,562.00-1.39%
U.S. stocks declined as a drop in Alphabet shares dampened optimism around artificial intelligence, reports the Wall Street Journal.
The 10-year Treasury yield remained below 5% following a strong GDP report and rising inflation data, CNBC reports.
Wall Street closed lower as Alphabet's revenue miss reignited concerns over AI capital expenditures, according to Reuters.
Amazon shares fell due to a Wall Street miss, despite the company experiencing its largest cloud growth in years, reports the Wall Street Journal.
U.S. stock futures sink, Nasdaq down 2% as Amazon, Intel earnings underwhelm - Investing.com.
Technical levels
Nifty support22,741.68 / 22,546.62
Nifty resistance23,046.88 / 23,157.02
Bank Nifty support54,311.65
Bank Nifty resistance55,243.90
Nifty is in bearish trend. Trading below 200 DMA suggests caution.
Corporate actions
Upcoming ex-dates
Concord Biotech
Bonus 1:1 · ex 4 Nov
Supreme Industries
Interim dividend ₹12.00/sh · ex 30 Oct
SAGILITY
Interim dividend ₹0.15/sh · ex 30 Oct
Earnings calendar
Aarti Industries Limited2026-10-30
Aditya Birla Capital Limited2026-10-30
Aether Industries Limited2026-10-30
Affle 3i Limited2026-10-30